GE Aerospace $GE Stock Position Raised by Ethic Inc.

Ethic Inc. grew its holdings in GE Aerospace (NYSE:GE) by 5.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,847 shares of the company’s stock after buying an additional 3,904 shares during the period. Ethic Inc.’s holdings in GE Aerospace were worth $23,998,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GE. GK Wealth Management LLC purchased a new stake in GE Aerospace during the 3rd quarter valued at about $25,000. Clark Wealth Partners raised its holdings in GE Aerospace by 70.1% in the 3rd quarter. Clark Wealth Partners now owns 114 shares of the company’s stock valued at $36,000 after acquiring an additional 47 shares during the last quarter. Paladin Partners LLC acquired a new stake in GE Aerospace in the 2nd quarter valued at about $38,000. Parvin Asset Management LLC acquired a new stake in GE Aerospace in the 2nd quarter valued at about $41,000. Finally, Markowski Investments purchased a new position in GE Aerospace in the 2nd quarter worth approximately $46,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at GE Aerospace

In other news, VP Robert Giglietti sold 14,796 shares of GE Aerospace stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $332.54, for a total value of $4,920,261.84. Following the completion of the transaction, the vice president owned 20,201 shares in the company, valued at approximately $6,717,640.54. This trade represents a 42.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. TD Cowen restated a “buy” rating and set a $380.00 target price (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. HC Wainwright set a $375.00 price target on GE Aerospace in a research report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $378.00 price target on shares of GE Aerospace in a report on Wednesday, October 21st. Sanford C. Bernstein set a $376.00 price objective on GE Aerospace in a research report on Friday, October 23rd. Finally, BNP Paribas Exane reduced their price objective on GE Aerospace from $305.00 to $280.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 21st. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $373.45.

GE Aerospace Stock Up 2.8%

GE Aerospace stock opened at $323.54 on Friday. GE Aerospace has a fifty-two week low of $268.91 and a fifty-two week high of $388.84. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.68 and a current ratio of 0.98. The firm has a 50 day moving average price of $314.70 and a 200 day moving average price of $323.12. The company has a market capitalization of $334.33 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 2.20 and a beta of 1.43.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.24. The firm had revenue of $13.29 billion for the quarter, compared to the consensus estimate of $12.88 billion. GE Aerospace had a return on equity of 44.43% and a net margin of 17.31%. The company’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.66 EPS. Research analysts expect that GE Aerospace will post 8.16 earnings per share for the current year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Monday, October 5th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, October 5th. GE Aerospace’s dividend payout ratio (DPR) is presently 21.68%.

GE Aerospace News Summary

Here are the key news stories impacting GE Aerospace this week:

• Positive Sentiment: GE Aerospace partnered with BETA Technologies on a hybrid-electric aircraft demonstration, marking progress in a new propulsion technology area. GE Aerospace partners with BETA Technologies
• Positive Sentiment: GE is part of a team working on KC-135 modernization, adding a defense-program opportunity alongside its commercial aerospace business. SNC teams with BAE, Collins and GE for KC-135 modernization
• Neutral Sentiment: Analyst coverage highlighted GE’s roughly $170 billion services backlog and generally favorable ratings, but also questioned whether the stock’s valuation already reflects much of its growth potential. GE Aerospace backlog and valuation analysis
• Negative Sentiment: Vice President Robert Giglietti sold 14,796 shares, cutting his reported stake by about 42%. Insider sales can have many explanations, but may contribute to investor caution. GE Aerospace VP sells shares
• Negative Sentiment: ETFs were reported as net sellers of GE shares, a sign of near-term fund outflows that could weigh on sentiment. ETFs are net sellers of General Electric

GE Aerospace Profile

GE Aerospace (NYSE: GE) designs, manufactures and services engines and related systems for commercial and military aircraft. Its offerings include aircraft engines, components, avionics and other integrated systems, along with maintenance, repair and overhaul services and digital solutions that support aircraft operations.

The company serves airlines, aircraft manufacturers, governments and defense organizations around the world. Its business combines original equipment production with long-term aftermarket support, including parts and technical services for engines already in operation.

GE Aerospace traces its roots to General Electric’s aviation business, which developed over more than a century.